Ningxia Haili Technology Co., Ltd announced that it will receive CNY 200,000,000 in an equity round of funding from returning investor Hunan Haili Chemical Industry Co., Ltd. on June 20, 2022. Post the closing of the transaction, the registered capital of the company will increase from CNY 100,000,000 to CNY 300,000,000 and the investor will continue to hold 100% stake in the company. The transaction was approved approved in the 25th Meeting of investor's 9th Directorate and does not need the shareholder's approval.